Mineral Company IPO Gets the Cold Shoulder

An initial public offering by Opal Kani Pars Mineral Processing Company was not received well by investors on Wednesday as the number of retail participants declined by almost half. 
Unlike most previous IPOs held in the fiscal year that ends in March, barely 2.7 million investors took part in the IPO. 
Given the unusually high number of trading codes issued in the past few months compared to other IPOs, Wednesday's share offering was seen as a failure by many observers and a threat to the inflow of liquidity into the struggling market.